Today, Ethereum ETFs are officially launching, marking the beginning of a new chapter in crypto history, in which:
- Ethereum is NOT considered a security today.
- For the first time, a cryptocurrency other than Bitcoin will be tested in the traditional investor market, and it will be interesting to see how much demand there will be.
If it goes well (using Bitcoin inflows multiplied by the market cap ratio between ETH and BTC as a rough benchmark), the message would be clear: there is demand not only for Bitcoin but also for other cryptocurrencies.
Consequently, there will be increasing interest in having financial products for other cryptocurrencies as well (the first being Solana), eventually leading to the creation of crypto indices/baskets similar to SP500, NASDAQ
Who is J.D. Vance, Trump’s VP pick, and why does he matter to $BTC ?
J.D. Vance, a Republican senator and former tech investor, has been named as Donald Trump’s potential Vice President. Known for his bestseller "Hillbilly Elegy" and his time at Mithril Capital, Vance brings a unique perspective to the tech regulation debate.
At a recent Y Combinator conference in Washington, Vance stood out for his harsh critiques of big tech companies like Google and Facebook, even advocating for the breakup of Google. He argues that these companies hold too much power over information and are biased against conservative viewpoints.
However, Vance is not anti-tech across the board. He supports a more lenient regulatory approach to cryptocurrencies, criticizing the current stance of the Securities and Exchange Commission as overly restrictive. His tech background and connections with figures like Peter Thiel lend him credibility, but also raise questions about his independence. If elected, Vance's views could signal a significant shift in tech regulation, blending severe criticism of big tech with support for the burgeoning crypto industry, potentially reshaping alliances in the tech and political landscapes.
Binance announces the listing of Banana Gun (BANANA) as the first project on the Binance Airdrops Portal.
Eligible users who subscribed their BNB to Simple Earn products between June 23, 2024, and July 5, 2024, will receive the BANANA airdrop.
The token will be distributed to users' Spot Wallets one hour before trading begins on July 20, 2024, at 09:00 (UTC), with trading pairs including BANANA/BTC, BANANA/USDT, BANANA/BNB, BANANA/FDUSD, and BANANA/TRY.
Grayscale launches a crypto AI fund with 5 tokens.
While everyone eagerly awaits the Ethereum ETF, Grayscale has made a significant move into the decentralized AI sector. The group, renowned for its crypto fund management, announced the launch of Grayscale Decentralized AI Fund LLC, which will invest in top AI crypto tokens, as selected by Grayscale.
The initial selection of tokens in the fund is sure to generate buzz. The fund will include $TAO from Bittensor, $FIL from Filecoin, $LPT from Livepeer, $RNDR from Render, and $NEAR from Near Protocol. Although some notable cryptos are excluded, this carefully curated selection highlights the potential of these projects.
The crypto AI sector has been among the best performers of 2023 and 2024, and Grayscale aims to bring the top tokens to a broader audience. This is not an ETF, but a fund traded outside traditional exchanges, following Grayscale’s typical approach. The chosen tokens are selected based on various factors: protocols developing decentralized AI services, solutions addressing AI-related challenges, and critical infrastructure protocols for AI technology like data and storage sharing, GPU sharing, computation, rendering, and streaming services. Currently, the fund includes $TAO at 2.92%, $FIL at 30.59%, $LPT at 8.64%, $NEAR at 32.99%, and $RNDR at 24.86%. Holdings will be rebalanced quarterly. This selection, while sparking discussions, underscores the forward-thinking strategy of Grayscale, though it excludes projects like $ASI, which includes $AGIX, $OCEAN, and $FET, and the efforts of ICP in the AI sector. Future expansions could potentially incorporate these assets. The fund will initially be available only to accredited investors chosen by Grayscale, and, for now, it won't be accessible to the general public. This innovative move by Grayscale showcases their commitment to leading in the evolving crypto and AI landscape.
"Ben Simpson, founder of Collective Shift, told Cointelegraph that Bitcoin's 'local bottom' has likely formed and BTC is set for an upward trend. The price was impacted by a $3 billion German government sell-off and $8.5 billion in Mt. Gox repayments. Despite low sentiment, Simpson sees potential gains with hints at a rate cut, strong ETF inflows, and new S&P 500 highs. $360M in short positions were liquidated at $62,000."
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🦉Moonbirds Released Three More Birbs From Its Upcoming Illustrated Moonbirds Art Upgrade Collection 🦉
Moonbirds holders were thrilled yesterday after Yuga Labs released three more illustrated Moonbirds on the timeline as the company continues its work on the collection’s art upgrade...
Read more to discover the details about the intellectual property rights and metaverse-ready 3D avatars!
Plus, check out the latest glimpses of Moonbirds #7604, #6070, and #8662
Binance to announce the 55th project on Binance Launchpool - IO.NET (IO), a decentralized AI computing & cloud platform.
You will be able to stake BNB and FDUSD into separate pools to farm IO tokens over four days, starting from June 7th, 00:00 UTC.
Key Dates: * Farming Period: June 7th, 00:00 UTC to June 10th, 23:59 UTC * Listing Date: June 11th, 12:00 UTC Supported Pools: * Stake BNB: Earn 85% of rewards (17,000,000 IO) * Stake FDUSD: Earn 15% of rewards (3,000,000 IO)
Like usual follow me for daily updates on farming rates
What if I told you that you could do it on Binance too?
Today, I'm going to introduce you to $PAXG
PAXG offers investors a cost-effective way to own investment-grade physical gold with all the benefits of the blockchain. Each Pax Gold (PAXG) token is backed by one fine troy ounce of gold, stored in LBMA vaults in London. If you own PAXG, you own the underlying physical gold, held in custody by Paxos Trust Company.
PAXG is available on Binance, and you can do DCA on it and use all trading tools.
Follow me for more insights into the crypto world.
Last night on RaiTre, the program "Who Has Seen Him?" delved into the case of Franco Bonzi, a victim of a cryptocurrency scam. For those unfamiliar, "Who Has Seen Him?" is an Italian TV show that investigates missing person cases and related mysteries.
Franco Bonzi was deceived into buying Bitcoin by a scammer posing as the singer Dua Lipa in a classic romance scam. Bonzi believed he had a crypto wallet worth £80,000 or euros, but it was revealed that this wallet never existed. This scam involved showing Bonzi a viewing-only wallet, making him think he owned substantial funds.
Bonzi bought Bitcoin from a money transfer service in Milan and transferred it to the scammers, who promised high returns. They had him download an app to view a fake wallet that appeared to contain large sums of money.
How the Scam Worked
Viewing-only wallets are designed for monitoring investments without moving funds, a feature often misused by scammers. Victims see substantial sums but cannot access them. Bonzi was convinced the funds were his, based on the instructions from the scammer impersonating Dua Lipa.
Avoiding Similar Scams
To protect yourself: - Never send money to people met online. - Avoid unsolicited investment offers via phone or social media. - Be skeptical of crypto wallets you can't control. - Trust no investment promising easy, high returns.
Can Bonzi's Bitcoins Be Recovered?
Investigations revealed that Bonzi's Bitcoins passed through an exchange with KYC verification, providing a potential lead. However, the use of strawmen and fund transfers complicates recovery efforts.
Last night's episode highlighted the intricacies of such scams and the importance of vigilance in the crypto world.
ENS Labs propose ENSv2, an innovative upgrade that migrates key functionalities of the Ethereum Name Service (ENS) to a Layer 2 network. This transformation not only re-envisions ENS from the ground up but also promises to lower gas costs, enhance customization, and improve multi-chain interoperability.
I'm an $ENS fan, maybe this news can also being the token up!